One way tariffs differ from quotas is that
A. tariffs produce no revenues but set limits on the imported items.
B. tariffs are applied only on raw materials.
C. quotas produce revenues for the exporting country's government.
D. tariffs produce revenues for the importing country's government.
Answer: D
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The U.S. central bank is the government institution that:
A) monitors financial institutions, controls the money supply, and invests in foreign assets. B) monitors financial institutions, controls the money supply, and sets certain key interest rates. C) monitors financial institutions, controls the money supply, sets certain key interest rates, and decides on political targets. D) controls the money supply and invests in foreign assets.
One of the most notable features of the main provisions of the Sherman Act is that they are:
A. strict. B. weak. C. vague. D. obsolete.
Which of the following describes an economy's price level?
a. The cost of producing goods and services using domestically owned factors of production b. The year-to-year change in nominal GDP c. The year-to-year change in the price of consumer goods d. The total price of aggregate output e. The average price of aggregate output
Options do not eliminate the risks but they give people choices about which risks they will hold and help to price those risks they might wish to assign to others
Indicate whether the statement is true or false